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silentkiller
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April 30, 2016, 02:03:40 PM |
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1000 btc thats the amount of btc i need to have a happy life after retirement,, my wife, kids and even my grandchildren, and grand grand children will benefit on that amount,,cause i dont want to leave this world seeing them hopeless and nothing.
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randy8777
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Activity: 896
Merit: 1000
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April 30, 2016, 03:40:17 PM |
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if you consider btc as retirement fund then you will need more then 100 or more if you consider this as some other thing then the more you can gather
100btc is a very decent retirement amount to have. especially when the price keeps rising in the coming 20-30 years, assuming bitcoin still exists by that time. if the price goes up x10 from the current price then you'll have $450,000 to add on top of your normal retirement money. for the majority of the people here that is more than enough to live from their entire life once they retire. |
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Jasad
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= jasad =
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April 30, 2016, 04:33:22 PM |
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Lets say I want to buy bitcoins today and store them for 20 years to use a my retirement fund. Live comfortably, but don't need to buy a yacht or anything. How many do you think I would need to buy?
its same as predict your future in 20 years later,of course its hard to answer how much you should have bitcoin for retire in 20 years,bitcoin alwyas have fluctuate price,this is why i or some people can predict how much bitcoin for retire in 20 years. |
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romero121
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April 30, 2016, 05:09:36 PM |
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Lets say I want to buy bitcoins today and store them for 20 years to use a my retirement fund. Live comfortably, but don't need to buy a yacht or anything. How many do you think I would need to buy?
its same as predict your future in 20 years later,of course its hard to answer how much you should have bitcoin for retire in 20 years,bitcoin alwyas have fluctuate price,this is why i or some people can predict how much bitcoin for retire in 20 years. Yeah as the bitcoin continues to fluctuate nothing can be predicted precisely. In my opinion its good to earn as much possible and in 20 years time you will have certain number of bitcoin. Try yourself to be comfort with those bitcoin. |
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KingdomHearts
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May 01, 2016, 11:01:20 AM |
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It totally depend on the strength of the bitcoin if the bitcoin remain strong as it is now then he should have about more than 100 bitcoins and if the value of bitcoin will not come to a high value and the price started to drop down then he should need a million of bitcoins.
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wildan88
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Activity: 1862
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May 01, 2016, 11:11:53 AM |
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It totally depend on the strength of the bitcoin if the bitcoin remain strong as it is now then he should have about more than 100 bitcoins and if the value of bitcoin will not come to a high value and the price started to drop down then he should need a million of bitcoins.
100 bitcoin is a good amount, because we do not know, will be in the range of what the price in 20 years. |
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Apened
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May 01, 2016, 12:14:56 PM |
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It totally depend on the strength of the bitcoin if the bitcoin remain strong as it is now then he should have about more than 100 bitcoins and if the value of bitcoin will not come to a high value and the price started to drop down then he should need a million of bitcoins.
100 bitcoin is a good amount, because we do not know, will be in the range of what the price in 20 years. In 20 years, the price of bitcioin will be at least $100,000. So 100 bitcoin will make that $10 million. |
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dsyahputera
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May 01, 2016, 12:26:45 PM
Last edit: May 01, 2016, 12:51:56 PM by dsyahputera |
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To be safe, get two Bitcoins.
lol i agree with this. in 20 years 2 bitcoin may be worth 2,000,000$ and to me a 2m retirement fund would last if you plan on retiring at 60 and living untill 75 or whatever. specially if you have another income coming in still from ssi or whatever it may be safe side get 5 That is not easy. Just imagine if in the first year of your retirement the Bitcoin price will be $700. If you have 5 BTC that same as $3500. I guess you will spend this $3500 in the first year. The next year you will do not have anything. |
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upsidedown75
Legendary
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Activity: 1288
Merit: 1036
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May 01, 2016, 03:21:19 PM |
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It depends on you really, if you are wasting 1000$ per day you will need a huge amount of bitcoins. You are using 10$ per day, ok you need in 100 times less bitcoins.
It may be that bitcoins do not hold any value after 20 years. Bitcoins are not a reliable currency currently and it has been here for very less time compared to other currencies but the future of bitcoin is not predictable. Soon it may be replaced by another currency. That is right. If the bitcoin price does not change more than 1-2% a day, similar to other major currency, then many people will use it. We have to believe on bitcoin, it will survive and for its survival it just need our support if we give strength to it and adopted bitcoin for our normal uses etc then bitcoin will have a good future and will never scam us. |
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23dzmaz
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May 01, 2016, 03:25:00 PM |
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It totally depend on the strength of the bitcoin if the bitcoin remain strong as it is now then he should have about more than 100 bitcoins and if the value of bitcoin will not come to a high value and the price started to drop down then he should need a million of bitcoins.
100 bitcoin is a good amount, because we do not know, will be in the range of what the price in 20 years. In 20 years, the price of bitcioin will be at least $100,000. So 100 bitcoin will make that $10 million. LOL, are you sure ? no one know what happen to bitcoin in the next 20 years. But i hope you are right about that and i think you need more than 100 bitcoins to retire in 20 years. |
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tn211
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May 01, 2016, 03:50:42 PM |
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It totally depend on the strength of the bitcoin if the bitcoin remain strong as it is now then he should have about more than 100 bitcoins and if the value of bitcoin will not come to a high value and the price started to drop down then he should need a million of bitcoins.
100 bitcoin is a good amount, because we do not know, will be in the range of what the price in 20 years. In 20 years, the price of bitcioin will be at least $100,000. So 100 bitcoin will make that $10 million. LOL that is some crazy speculation, and the biggest lie i heard today. The price will grow i expect but by far not so large as 1 million. My cap is that the price would go around the 4k mark. |
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bryant.coleman
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Activity: 3654
Merit: 1217
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May 01, 2016, 03:54:05 PM |
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You have to take in to account the decrease in purchase power of the fiat as well. During the past 100 years, the purchasing power of the United States Dollar has declined by 33 times. That means that even if the BTC/USD exchange rates increases by 10 times or even 20 times, your net purchasing power will remain almost the same.
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n0ne
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May 01, 2016, 04:58:44 PM |
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It depends on you really, if you are wasting 1000$ per day you will need a huge amount of bitcoins. You are using 10$ per day, ok you need in 100 times less bitcoins.
It may be that bitcoins do not hold any value after 20 years. Bitcoins are not a reliable currency currently and it has been here for very less time compared to other currencies but the future of bitcoin is not predictable. Soon it may be replaced by another currency. That is right. If the bitcoin price does not change more than 1-2% a day, similar to other major currency, then many people will use it. We have to believe on bitcoin, it will survive and for its survival it just need our support if we give strength to it and adopted bitcoin for our normal uses etc then bitcoin will have a good future and will never scam us. That's a better suggestion to make bitcoin long live. It would never go as a scam as every user here have the hope that it survives long. If you have capital try to buy as much for the retirement after 20years because when days count the price too counts. |
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elobizph
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May 01, 2016, 05:08:44 PM |
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I think 10 btc with $3000 value per 1 btc is enough for my retirement I can buy my own house and live a happy life without worrying about the money.
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avw1982
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May 01, 2016, 05:44:47 PM |
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I think 10 btc with $3000 value per 1 btc is enough for my retirement I can buy my own house and live a happy life without worrying about the money.
Apart from these, Advancements in technology will be so quick and unpredictable by that time that thinking Bitcoin will be around for sure is a foolish thought. It could, but betting your retirement on it is surely not advisable. |
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dragonusa9
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May 01, 2016, 06:03:25 PM |
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I think 10 btc with $3000 value per 1 btc is enough for my retirement I can buy my own house and live a happy life without worrying about the money.
Apart from these, Advancements in technology will be so quick and unpredictable by that time that thinking Bitcoin will be around for sure is a foolish thought. It could, but betting your retirement on it is surely not advisable. and i dont think that BTC will reach $3000 20 years in future, surely that technology will advanced so quickly on time being. but, this is still legit for investing, because in future i think there will be globally use by all people in world. |
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STT
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May 01, 2016, 11:58:27 PM |
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I just looked back in my old posts to 2013 and nobody thought a thousand was feasible. It reset 244 to 100 and then went dead, really people thought well thats it and by year end it was well into four figures. Really people just lack imagination, look at the extreme finance measure you hear on the news everyday. We are in a unique time, never have major countries operated their currency with negative rates. Its not just unusual its never happened, there is no teacher who can say what happens next and so any price is possible. Dont hold one type of value only if you want to retire ie. dollars
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trinaldao
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Post your ann & bounty just contact me
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May 02, 2016, 02:07:17 AM |
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1000 btc thats the amount of btc i need to have a happy life after retirement,, my wife, kids and even my grandchildren, and grand grand children will benefit on that amount,,cause i dont want to leave this world seeing them hopeless and nothing.
with current price you need arround $425.000  i think it's crazy investment, better to save 500BTC and $212.500 for your retirement day. invest at FIat + BTC |
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Galiatram
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May 02, 2016, 09:09:34 AM |
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That is hard to know and that is because the value is hard to predict for what the value will be in the 20 years and you need also a lot of Bitcoin to retire that otherwise it wont be possible.
The only thing that you have to do is just have a monthly stable earning and that would be nice and see Bitcoin as a bonus.
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Vaskiy
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May 02, 2016, 12:48:53 PM |
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That is hard to know and that is because the value is hard to predict for what the value will be in the 20 years and you need also a lot of Bitcoin to retire that otherwise it wont be possible.
The only thing that you have to do is just have a monthly stable earning and that would be nice and see Bitcoin as a bonus.
We need some fifty coins in 20 years that's enough as of price now but we can't predict anything in bitcoin as no one knows what will be the price after 20 years, so just invest and earn as much as you can quiet these days. |
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